Otgonganbat is requesting 3.700.000.00 MNT /Mongolian Tugriks/ loan to cover his house with bricks and block stones. Since the temperature goes below -40 C during the winter time in Ulaanbaatar, he wants to make his small house warm and cozy.
Otgonganbat graduated from the Railway University and National Academy of Governance in 2005. Since then he has been working as an engineer at Ulaanbaatar Train Station. He is a hard-working, responsible and trusted client of our institute who is very thankful for the lenders for giving him an opportunity to improve his family’s living standard.
About TranscapitalTranscapital is one of the leading non-bank financial institutions (NBFI) in Mongolia. Through 12 branches, it serves mainly urban and semi-urban microfinance clients, including a growing number of migrants in the capital city of Ulaanbaatar. Of its clients, almost 68% are women and 60% live in ger districts, settlements made up of houses and traditional Mongolian felt tents that lack basic infrastructure.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid